October 11, 2008

SAIL RSP makes a one time saving of INR 9 crore

It is reported that simply hearing out employees on what they feel about the company has helped Steel Authority of India Limited’s Rourkela Steel Plant make a one time saving of INR 9 crore, besides recurring savings of another INR 9 crore in 2006-07 fiscal.

RSP encouraged employees to share their views through an innovative Srujani Creativity Scheme with a view to harnessing their ideas for improving the performance. Apart from the financial savings, the scheme has also brought about all round improvements in the process parameters, safety, quality, housekeeping and various other aspects.

A record number of 11,131 suggestions were generated through the year up by 9.74% YoY. Out of these, 6,485 suggestions were given awards in 68 functions and 20 melas and cash prize of over INR 700,000 were distributed among the employees for this.

Prizes are given for acceptable suggestions, while cash awards are presented for those implemented. The employees contributing most under this scheme were awarded with 'Best Suggester' and 'Second Best Suggester Awards', while departments excelling under the scheme were being awarded with the Srujani Rolling Trophy every year.